The Mumbai Board of the Maharashtra Housing and Area Development Authority (Mhada) has decided to tackle the issue of housing stock along with redevelopment of its colonies.
According to Mumbai Board chairman Amarjit Singh Manhas, the board will now be thinking not just about redevelopment but also about generating more housing stock.
“We have instructed the administration to submit proposals not just with an intention of earning more premiums, but also with a purpose of creating more housing stock,” said Manhas.
Mhada has 56 colonies in Mumbai with 3,701 buildings in them. In spite of the efforts of the Mumbai Board for the redevelopment of the colonies, only 4% have responded favourably. So far, the authority has the redevelopment proposals of only 409 buildings. Of these, the no-objection certificate (NoC) has been given to 114 buildings.
As per the Development Control Rules (DC Rules) 33-5, Mhada buildings get a FSI of 2.5 for redevelopment. This could be a major reason for the lukewarm response Mhada gets for redevelopment proposals, feel officials.
Some buildings have been damaged in the past few monsoons; besides, many of them lack good civic amenities. Although this has made the redevelopment and conveyance deeds even more important, most residents are not interested in redevelopment. This is basically because private developers are involved.
“This is why 70% consent, which is mandatory for redevelopment, is difficult to achieve” added an official.
This is precisely why the board has been thinking about creating housing stock rather than earning only money through premium, said Manhas.
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